Market Overview for Stargate Finance/Tether (STGUSDT): 2025-10-10

• STGUSDT fell 2.5% over 24 hours, closing near a key support level.
• High volume surges occurred during sharp selloffs after 15:30 ET, indicating potential capitulation.
• RSI and MACD showed bearish momentum with no overbought signs, suggesting continued downward bias.
• Price briefly rebounded above 0.2 after 9:00 ET but failed to hold, showing weak follow-through buying.

Stargate Finance/Tether (STGUSDT) opened at $0.1974 on 2025-10-09 at 12:00 ET, reached a high of $0.2014, a low of $0.1877, and closed at $0.1887 by 12:00 ET on 2025-10-10. Total 24-hour volume was 5,644,231.1 tokens, and notional turnover was $1,076,607.9.

Structure & Formations

Price action showed a bearish structure, breaking key support at $0.1960 after a sharp selloff beginning at 15:30 ET. A long lower shadow candle at 15:30 ET hinted at rejection near $0.1909, but the bearish bias continued. A potential short-term support area formed around $0.1885–$0.1887, where the final close was registered.

Moving Averages

On the 15-minute chart, STGUSDT has traded below both the 20-period and 50-period moving averages for the last eight hours, reinforcing bearish momentum. On the daily timeframe, the price remains below the 50-period, 100-period, and 200-period moving averages, suggesting a longer-term bearish trend.

MACD & RSI

The 12-period MACD crossed below the signal line during the afternoon session, signaling bearish momentum. RSI dipped into oversold territory at one point near $0.1909 but failed to produce a convincing rebound, implying a weak bounce could occur. A bearish divergence between price and RSI suggests that selling pressure may persist.

Bollinger Bands

Price has been trading near the lower band of the Bollinger Bands for most of the session, indicating low volatility and potential for a mean reversion. A contraction in the bands between 1:00 and 2:00 ET suggested a quiet consolidation period before a sharp drop. The expansion following the 15:30 ET break suggests increasing volatility and a breakdown in the short-term range.

Volume & Turnover

Volume spiked during the sharp selloff at 15:30 ET (over 1.6 million tokens traded) and again at 15:45 ET, showing strong bearish conviction. Notional turnover confirmed the volume increases, particularly in the late afternoon session. The divergence between price and turnover in the morning hours suggested weaker conviction in early buying attempts.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from $0.2007 to $0.1887, price found support near the 61.8% level at $0.1895–$0.1900, before breaking lower. On the daily chart, a 38.2% retracement level around $0.1920 may now act as a near-term resistance if a bounce develops.

Backtest Hypothesis

A potential backtest strategy could involve shorting the pair when price closes below both the 20-period and 50-period moving averages on the 15-minute chart, confirmed by bearish MACD divergence and RSI below 40. A stop-loss could be placed above the previous swing high, with a target near the next Fibonacci support level. Given the current price and volume structure, this approach may offer a favorable risk-to-reward profile over the next 48 hours, especially if the price continues to trade near or below $0.1900.